sturg33
I
OK they make it illegal. How will they get my bitcoins?
And Trump hated bitcoin before he decided it was popular to pivot. He doesn't understand it. And if it threatens the US dollar and the printing press, he will turn on it too
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- Thread starter Jaw
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OK they make it illegal. How will they get my bitcoins?
And Trump hated bitcoin before he decided it was popular to pivot. He doesn't understand it. And if it threatens the US dollar and the printing press, he will turn on it too
How will anyone do any trading? Bitcoin is a digital currency that is easy to stop and control. This is not like the drug trafficking market where transactions can be done in secret.
sturg33
I
How will they stop me from buying and selling it?
(I don't think you understand how it works)
How do you use it for anything when all transactions are easily traceable? Everything is digitally stored.
How do you make a Bitcoin black market?
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sturg33
I
Bc it doesn't know it's sturg33 doing the transaction
Unless a general market of transaction acceptence to buy real goods emerges the valuation will be muted.
World governemnts can control if that happens or not.
They are so lucky to have you
Geez
How will you hide a trillion dollar digital currency from the government that is easily traceable? How will Bitcoin hide your transaction from the government?
sturg33
I
I've made probably 500 purchases of things ranging from a $1 in value to $15k in value. All done within seconds with minimal transaction fees
I'm aware that visa and Mastercard despise BTC bc it is completion, and government's despise it bc they don't control it.
That's the point
As someone who likes system.disrupters, I'd have thought you be more in on this than me
sturg33
I
There's no judgement here, but I think it's pretty clear you simply don't understand bitcoin. Of you'd like me to send you some good reading materials, I'd be happy to.
Try as it might, the government cannot control bitcoin. That's what makes it great. It's actual financial freedom
I understand Bitcoin.
I understand enough that you can't hide a trillion dollar industry digitally from the government. You can't hide the blockchains. They stick out like a sore thumb.
Crypto assets can also be traced using wallet addresses and transaction history. It's not anonymous like you think it is.
This info is all the net.
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sturg33
I
I would like you to explain to me how the government will be able to take my bitcoins
Am I 'out' on crytpo?
I just said I think its not as cut and dry as the government can't stop crypto.
They are digitally stored so what do you think?
sturg33
I
This isn't an answer
For your reference, my coins are stored on an offline cold wallet
How will the government get them from me?
With all blockchains being destroyed by the government what are they now worth in my scenario?
Zilch
You can't even make a transaction.
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They can certainly tax the **** out of it if you ever sell. And Dems under Biden have already forced higher taxes on it. The Government can easily govern the flow of Crypto should they wish to do so, as well as control it's buying power.
They haven't yet. It would create an enormous legal battle that I don't think they want. But make no mistake, crypto exists because the governments of the world allow it to exist.
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chop2chip
Well-known member
Correct. His support is predicated on convenience. The moment it’s no longer politically convenient that support will disappear (as he is want to do from time to time).
Love how the only time you take time to post here is when its negative regarding MAGA/Trump.
Very transparent.